Morgan Stanley Has Lowered Expectations for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI – Get Free Report) had its price target reduced by equities research analysts at Morgan Stanley from $525.00 to $477.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 18.46% from the company’s previous close.

SPGI has been the topic of a number of other reports. Rothschild & Co Redburn cut their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $510.00 price objective on shares of S&P Global in a research note on Wednesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Friday, October 2nd. Citigroup lifted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $519.41.

Get Our Latest Analysis on S&P Global

S&P Global Stock Up 1.9%

Shares of NYSE:SPGI opened at $402.65 on Wednesday. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25. The company has a market capitalization of $118.70 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $415.32 and a 200-day moving average of $421.35.

S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts predict that S&P Global will post 17.72 EPS for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Pingora Partners LLC acquired a new position in shares of S&P Global in the second quarter worth approximately $29,000. WPG Advisers LLC increased its position in S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 27 shares during the period. Fiduciary Financial Advisors acquired a new stake in S&P Global during the 2nd quarter valued at approximately $46,000. South Plains Financial Inc. raised its holdings in S&P Global by 810.0% during the 4th quarter. South Plains Financial Inc. now owns 91 shares of the business services provider’s stock worth $48,000 after purchasing an additional 81 shares during the last quarter. Finally, Frazier Financial Advisors LLC raised its holdings in S&P Global by 31.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock worth $48,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global News Roundup

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S&P Global Company Profile

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S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.

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